Funding arb · Price arb /

WIF

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.016%

Price spread now: MEXC against KuCoin+0.117%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$820.823% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$10 on $10k

Price spread, last 7 days−0.256%−$26 · spread now +0.117%, 7d avg −0.009%

Together, before fees−0.151%−$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.126% dearer against KuCoin than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WIFUSDTM	0.2571	0.0100	pay 0.0050% / 4h	1h 08m	$3.8M	$18.8M	75x
Short	MEXC WIF_USDT	0.2574	0.0100	get 0.0050% / 4h	1h 08m	$22.7M	$15.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee MEXCbpOrdersPrice spread, now +0.117%Rate

Funding earned: $0
Price spread: +0.117% → −0.009%: $12.6
Slippage, 4 orders: −$66.25
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$69.65
Costs to cover: 0.823%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; MEXC: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 3 min ago	3.89 bp	27.0 bp −$27	79.1 bp −$791	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.95 bp	8.0 bp −$8	23.9 bp −$239	114.3 bp −$11.4K	147.2 bp −$73.6K

WIF on 32 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective WIF/USDC PERP	−0.0389%	1h	0.2559	−0.467%	$10K	$28K	12x	as long as short
BloFin WIF-USDT	−0.0140%	4h	0.2569	−0.078%	$1.1M	$1.1M	75x	as long as short
GMX WIF/USD [WBTC.b-USDC]	L −0.0120% / S +0.0182%	1h	0.2570	−0.047%	$9K	—	100x	as long as short
dYdX WIF-USD	0.0000%	1h	0.2573	+0.090%	$13K	$587	10x	as long as short
Deribit WIF_USDC-PERPETUAL	0.0000%	1h	0.2570	−0.039%	$34K	$252K	25x	as long as short
gTrade (Gains Network) WIF/USD	L +0.0002% / S −0.0002%	1h	0.2567	−0.151%	$4K	—	150x	as long as short
Backpack WIF_USDC_PERP	+0.0018%	1h	0.2570	−0.047%	$90K	$381K	10x	as long as short
Lighter WIF	+0.0096%	1h	0.2576	+0.179%	$144K	$923K	10x	as long as short
Popdex WIFUSDT	+0.0096%	1h	0.2576	+0.194%	$53K	$629K	20x	as long as short
Orderly PERP_WIF_USDC	+0.0098%	4h	0.2569	−0.078%	$5K	$906K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid WIF	+0.0100%	1h	0.2573	+0.074%	$10.1M	$9.6M	5x	as long as short
Aster WIFUSDT	+0.0100%	4h	0.2575	+0.162%	$31K	$427K	10x	as long as short
Pacifica WIF	+0.0100%	1h	0.2574	+0.123%	$80K	$99K	5x	as long as short
Binance WIFUSDT	+0.0100%	4h	0.2576	+0.198%	$21.1M	$177.0M	75x	as long as short
Bybit WIFUSDT	+0.0100%	4h	0.2576	+0.187%	$17.7M	$60.0M	50x	as long as short
OKX WIF-USDT-SWAP	+0.0100%	4h	0.2577	+0.233%	$6.3M	$53.0M	50x	as long as short
Gate WIF_USDT	+0.0100%	4h	0.2573	+0.078%	$1.2M	$13.0M	50x	as long as short
MEXC WIF_USDTshort	+0.0100%	4h	0.2574	+0.117%	$22.7M	$15.3M	50x
KuCoin WIFUSDTMlong	+0.0100%	4h	0.2571	long leg	$3.8M	$18.8M	75x
Bitget WIFUSDT	+0.0100%	4h	0.2573	+0.078%	$7.8M	$19.8M	50x	as long as short
BingX WIF-USDT	+0.0100%	4h	0.2574	+0.117%	—	$27.7M	—	as long as short
Variational Omni WIF	+0.0100%	4h	0.2565	−0.220%	$77K	$367K	—	as long as short
GRVT WIF_USDT_Perp	+0.0100%	4h	0.2569	−0.097%	$284K	$3.4M	10x	as long as short
ApeX Omni WIFUSDT	+0.0100%	1h	0.2582	+0.428%	$37K	$646K	25x	as long as short
SunX WIF-USDT	+0.0100%	4h	0.2566	−0.194%	$1K	$3.2M	50x	as long as short
SoDEX WIF-USD	+0.0100%	1h	0.2571	−0.019%	$3K	$6K	5x	as long as short
HTX WIF-USDT	+0.0100%	4h	0.2566	−0.194%	$160K	$1.1M	75x	as long as short
Extended WIF-USD	+0.0104%	1h	0.2573	+0.065%	$12K	$264K	25x	as long as short
Aevo WIF-PERP	+0.0104%	1h	0.2569	−0.060%	$86K	—	3x	as long as short
Coinbase International WIF-PERP-INTX	+0.0552%	1h	0.2576	+0.194%	$354K	$4.1M	50x	as long as short
Reya WIFRUSDPERP	+0.0558%	1h	0.2570	−0.028%	$1	—	15x	as long as short
Kraken Futures PF_WIFUSD	+0.0558%	1h	0.2571	+0.014%	$654K	$3.1M	50x	as long as short